American Integrity Insurance Group, Inc. (NYSE:AII) Given Average Rating of “Moderate Buy” by Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.80.

Several equities research analysts have recently issued reports on AII shares. Keefe, Bruyette & Woods raised their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. JMP Securities lifted their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Citizens Jmp upped their target price on American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, November 17th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 14th. Finally, Piper Sandler raised their price objective on American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th.

American Integrity Insurance Group Stock Up 2.4%

NYSE:AII opened at $19.74 on Monday. The stock has a market capitalization of $386.43 million and a P/E ratio of 4.39. American Integrity Insurance Group has a 12 month low of $15.77 and a 12 month high of $26.36. The stock has a 50-day moving average price of $22.96.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%. The firm had revenue of $62.03 million during the quarter.

Insider Buying and Selling

In related news, major shareholder James E. Sowell sold 2,353,200 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $44,710,800.00. Following the transaction, the insider directly owned 4,768,861 shares of the company’s stock, valued at $90,608,359. This represents a 33.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven E. Smathers sold 171,800 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the transaction, the director owned 173,414 shares in the company, valued at approximately $3,294,866. This trade represents a 49.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,000,000 shares of company stock worth $57,000,000 in the last ninety days.

Hedge Funds Weigh In On American Integrity Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth about $33,000. FNY Investment Advisers LLC acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $45,000. JPMorgan Chase & Co. purchased a new position in shares of American Integrity Insurance Group in the third quarter valued at approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in American Integrity Insurance Group in the 3rd quarter valued at $83,000. Finally, Raymond James Financial Inc. acquired a new position in American Integrity Insurance Group during the second quarter worth about $101,000.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.